$3.00 gas, $5.00 milk and the buyer's/seller's right to operate in this market without paying a fee

By
Real Estate Mortgage Broker with BIZIDY Business Identity Solutions

 

Recently, I went to the store and bought a $5.00 dollar gallon of milk and then went out and filled up my SUV with $3.00 dollar per gallon gas all the while thinking that it was highway robbery. I thought for a moment, that I could milk my own cow or even ride a bicycle for alot less money.... I got to thinking about how the good ole days were when my wife and I were spending $30.00 per week for groceries and when we bought a house for 8.5% interest in the mid 1990's then 8 years later the house sold for double what we paid for it. We all had it good back then. Everyone shared the wealth..... No one considered it a huge deal to pay realtors fees of 6% or upwards. Nor did they have a problem paying mortgage orginator fees or closing cost for loans. Home inspectors are being ignored. Now since the market has made a turn, everyone wants to shortcut the experts their fees for their services.....

I guess what I trying to say is....

I could milk my own cow to save some money, but I am not an expert on cows. To tell the truth, I am not sure the difference between a beef cow or a milk cow. I could go to a cow auction to buy a cow or even drive by a field and see a cow that looks good and make an offer on a cow that looks good to me. Once again if I get lucky, I'll get the cow home and it won't be a bull. If I get a milking cow I am going to need to try to milk her and not get kicked in the head.

My point is $5.00 milk is pretty good if someone milked the cow, pasturized the milk, delivered it to the store and kept it cool until I get there to buy it. The truth is this market, like the cow, will kick those in the head who are trying to save a buck or two instead of relying on the professionals.

I want to say to all the professionals on activerain, you are appreciated and people need you, keep your head up and look to those who are willing to use your expertise. Many people are about to get kicked in the head by old broken down cows who are giving any milk.

Vernon Corum, Jr.

Managing Broker

Global Equity Lending

www.knoxvilleleadershipnetwork.com

 

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Location:
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Rainmaker
63,398
Barry Shapiro
Team VC Online, Keller Williams Realty
The milk analogy is a good one.  Maybe the blog heading should read "Got Commission?"
September 22, 2007 08:36 PM
Rainmaker
49,505
Chrissy Harrison
Referral Only Realty

Great blog - thanks for the support for those of us who are managing to hang on during these tricky times!

September 22, 2007 09:01 PM
Rainmaker
570,044
Bill Gillhespy
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos
16 Sunview Blvd
Thanks for a funny read.  Good selling to us all.
September 22, 2007 09:06 PM
Rainer
56,996
Deborah Engel
San Diego Homes & Property
Prudential California Realty

Great post!  Made me laugh: my luck is sometimes so bad that I would definitely end up with the bull and not the cow.  I hire people to do the things that I can't do. 

Deb

September 22, 2007 09:06 PM
Rainer
27,774
Darrel Quebedeaux
Evergreen Realty & Associates Inc.
Interesting analysis Vernon, thanks for sharing.
September 23, 2007 12:26 AM
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Rainer
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vernon corum

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